Steel Exchange India Ltd

IMR Group announced a strategic investment of Rs 300 crore in Steel Exchange India (SEIL) through subscription to share warrants. The investment will be made through IMR's Indian entities ' India Coke and Power (ICPPL) and IMR Steel (ISPL). This capital infusion will strengthen SEIL's operations, optimize its debt structure, and position the company for accelerated growth ' marking a significant milestone in IMR's forward integration strategy and its expansion across India's high-growth steel sector. IMR Group, headquartered in Switzerland with operations in over 17 countries, operates a fully integrated metals platform spanning global mineral trading, mining, and downstream steel production. Through this investment, IMR will leverage its global sourcing capabilities for critical raw materials ' including metallurgical coke, coking coal, non-coking coal, and ferrous scrap ' to enhance SEIL's operational efficiency, supply chain security, and competitiveness. The partnership positions SEIL to capitalize on India's rapidly expanding steel demand, while reinforcing IMR's long-term commitment to the Indian steel ecosystem.Powered by Capital Market - Live

Steel Exchange India will hold a meeting of the Board of Directors of the Company on 4 March 2026.Powered by Capital Market - Live

At the same meeting, the board would determine the issue price, class of securities, number of securities, identification of proposed allottees/investors, mode of issue and other related terms and conditions, subject to shareholders' approval. The announcement was made during market hours today. Steel Exchange India is primarily engaged in the manufacturing of TMT bars, apart from billets, ingots, and power generation. The company also deals in the sale and purchase of steel products through its trading division and is recognized as one of the largest dealers for Rashtriya Ispat Nigam. The company's net profit declined 85.62% to Rs 2.28 crore on a 26.61% fall in revenue to Rs 240.35 crore in Q3 FY26 as compared with Q3 FY25. Powered by Capital Market - Live

Net profit of Steel Exchange India declined 85.62% to Rs 2.28 crore in the quarter ended December 2025 as against Rs 15.86 crore during the previous quarter ended December 2024. Sales declined 26.61% to Rs 240.35 crore in the quarter ended December 2025 as against Rs 327.51 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales240.35327.51 -27 OPM %9.3412.05 - PBDT9.2621.78 -57 PBT2.2815.86 -86 NP2.2815.86 -86 Powered by Capital Market - Live

Steel Exchange India will hold a meeting of the Board of Directors of the Company on 14 February 2026.Powered by Capital Market - Live

Steel Exchange India announced that Nagoji Ram Mohan (DIN: 02895361), has resigned from his position as Nominee Director of the Company due to the withdrawal of nomination by the lender, Vishwa Samudra Holdings, effective from the closing business hours on 02 January 2026, and he shall cease to be a Director of the Company thereafter.Powered by Capital Market - Live

Steel Exchange India has achieved investment-grade credit rating status, following the assignment and upgrade of its bank facilities by Infomerics Valuation and Rating as detailed below: Non convertible debentures (Rs 198.56 crore) - IVR BBB-; Stable (upgrade) Long term bank facilities term loans (Rs 150 crore) - IVR BBB-; Stable (assigned) Long term bank facilities cash credit (Rs 10 crore) - IVR BBB-; Stable (upgraded) Short term bank facilities letter of credit (Rs 40 crore) - IVR A3 (upgraded)Powered by Capital Market - Live

Steel Exchange India announced that its Board of Directors has approved a proposal to raise funds aggregating up to Rs 700 crore, subject to requisite statutory and regulatory approvals.Powered by Capital Market - Live

The Board has further delegated the powers to a Fund-Raising Committee constituted for this purpose, which shall have the authority to determine the structure, form of issuance, instrument, price, terms and conditions of the issue. The amount of fund raise is nearly 62% of the company's full market capitalization, which currently stands at Rs 1,128.73 crore. Steel Exchange India is primarily engaged in the manufacturing of TMT bars, apart from billets, ingots, and power generation. The company also deals in the sale and purchase of steel products through its trading division and is recognized as one of the largest dealers for Rashtriya Ispat Nigam. The company's standalone net profit declined 22.43% to Rs 2.11 crore on a 11.22% fall in revenue to Rs 231.76 crore in Q2 FY26 as compared with Q2 FY25. The scrip tumbled 4.03% to currently trade at Rs 9.05 on the BSE. Powered by Capital Market - Live

The board of Steel Exchange India at its meeting held on 30 December 2025 has approved fund raising up to Rs 700 crore by way of issuance of securities. Powered by Capital Market - Live